A.C. NURDEN LIMITED

💤Zombieactive
02012513 · ltd · incorporated 1986-04-21
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£958.8k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Other building completion and finishing
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 73-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -100% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

7 live charges · 2 lenders · oldest 39.6y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 39.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
116 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £958,814
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£196
↓ 100% YoY
Net Worth
£959k
↑ 13% YoY
Current Assets
£999k
↓ 21% YoY
Current Liabilities
£0£252k£503k£755k£1.0m£1.3mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.03M£983.0k
Current assets£999.1k£1.26M
Cash£196£88.8k
Debtors£598.9k£769.6k
Net assets£958.8k£847.7k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-02-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  2. 2025-12-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-09-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-08-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  5. 2024-12-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2024-01-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2024-01-26
    📄
    mortgage-satisfy-charge-part
    mortgage · MR04
  8. 2024-01-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2024-01-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-01-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2024-01-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2024-01-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2024-01-26
    🔓
    Charge satisfied #7
  14. 2024-01-26
    🔓
    Charge satisfied #6
  15. 2024-01-26
    🔓
    Charge satisfied #5
  16. 2024-01-26
    🔓
    Charge satisfied #4
  17. 2024-01-26
    🔓
    Charge satisfied #3
  18. 2024-01-26
    🔓
    Charge satisfied #2
  19. 2024-01-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2024-01-23
    🔓
    Charge satisfied #1
  21. 2023-11-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  22. 2023-11-13
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  23. 2023-10-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  24. 2022-10-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  25. 2021-10-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  26. 2021-01-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  27. 2010-11-05
    REYNOLDS, Helen Janette resigned
    secretary
  28. 2010-01-20
    🔒
    Charge registered #7
    Lender: Hsbc Bank PLC
  29. 2005-12-13
    🔒
    Charge registered #6
    Lender: Hsbc Bank PLC
  30. 2004-12-20
    🔒
    Charge registered #5
    Lender: Hsbc Bank PLC
  31. 2000-07-27
    🔒
    Charge registered #4
    Lender: Hsbc Bank PLC
  32. 1995-09-20
    🔒
    Charge registered #3
    Lender: Midland Bank PLC
  33. 1995-02-03
    🔒
    Charge registered #2
    Lender: Midland Bank PLC
  34. 1994-02-26
    REYNOLDS, Helen Janette appointed
    secretary
  35. 1994-02-25
    FOLEY, Maureen resigned
    secretary
  36. 1986-12-04
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  37. 1986-04-21
    🏢
    Company incorporated
    As A.C. NURDEN LIMITED

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "NURDEN" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 40 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

An (No2) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
An (No2) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
A.C. NURDEN LIMITED
This company · 02012513

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
An (No2) Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control07/08/2025
2 historic (ceased) PSCs
  • Mr Andrew Charles Nurdenceased 07/08/2025· 75-100% shares · 75-100% voting · board control · firm interest
  • Ms Geraldine May Francis-Jonesceased 01/09/2017· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1986-04-21
Jurisdictionengland-wales
Primary SIC43390 — Other building completion and finishing

Registered office

Malmesbury Garden Centre
Crudwell Road
Malmesbury
Wiltshire
SN16 9JL

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-17
Last: 2025-12-03

Officers (1 active · 2 resigned)

NURDEN, Andrew Charles
director · ~73y
View their other companies + combined net worth →
Active
FOLEY, Maureen
secretary · resigned 1994-02-25
Resigned
REYNOLDS, Helen Janette
secretary · appointed 1994-02-26 · resigned 2010-11-05
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property20/01/201026/01/2024
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property13/12/200526/01/2024
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property20/12/200426/01/2024
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property27/07/200026/01/2024
satisfied
Midland Bank
Midland Bank PLC
Charge2 properties20/09/199526/01/2024
satisfied
Midland Bank
Midland Bank PLC
Legal charge1 property03/02/199526/01/2024
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property04/12/198623/01/2024

Recent filings (116 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-02-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-08-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-05
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-26
mortgage-satisfy-charge-part
mortgage · MR04
2024-01-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-23